Making saving a habit helps to prepare for good and bad times. However, when you are not making saving a habit, you are exposed to debt risk. The debt instruments present in the market are very expensive. It is really hard to get rid of the debt, and you will land up in a vicious cycle of a debt whirlpool. Low-interest rates of saving accounts is another factor that makes people move away from saving towards spending. But once you land in debt, the realisation of the high cost of lost savings habits comes to the fore. Inculcating saving as a habit is very easy when done daily, and you can start by having the old piggy bank and putting in all the coins you have in the pocket daily. This can be a good start, and then you could put aside a percentage of your paycheck every month in your saving account and forget about it for a year. This can be done until you have a substantial amount in your saving account. Then go to the next level and invest long term in bonds, debentures and shares. Take the advice of a financial market expert and always invest long term. This means forgetting about the invested money for at least 5 years. You will be really surprised with the returns. But remember to keep doing the small things, like collecting coins where you started in the first place.